Something for your Espresso: From China with love
USDCNH keeps trading with a premium to the USDCNY rate, while discussions are ongoing on whether Japan will face >2% inflation forever from here. Meanwhile, German assets are trading out of sync with fair value.
![Something for your espresso](https://stenoresearch.com/wp-content/uploads/2023/01/Something-for-your-espresso.png)
USDCNH keeps trading with a premium to the USDCNY rate, while discussions are ongoing on whether Japan will face >2% inflation forever from here. Meanwhile, German assets are trading out of sync with fair value.
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